FTX's U.S. leadership and the company's Bahamas wing's court-appointed liquidators have formed a cooperation agreement addressing how assets may be inventoried and disposed of, among other issues, a press release Friday said. FTX Trading, which is the entity behind the FTX.com exchange, filed for bankruptcy in the U.S. last November, while FTX Digital Markets, a Bahamas-based entity, entered liquidation proceedings the same month. The joint provisional liquidator ... read it

The collapse of FTX has caused yet another destructive wave to wash over crypto – the world of altcoins, crypto exchanges and overleveraged entities. It’s impossible to say at this point how much collateral damage the loss of what was once the third-largest crypto exchange – whose founder had a foot in the door in Washington, D.C., his face plastered on sports stadiums and subway stations as well as his fingers in untold financial pies – will bring. BlockFi, ... read it